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Weir buys US engineering product maker Townley for GBP111 million

6 days ago | shareprices.com | Michael Hennessey

(Alliance News) - Weir Group PLC on Wednesday said it has agreed to buy US-based Townley Engineering & Manufacturing Co Inc and Townley Foundry & Machine Co Inc for an enterprise value of GBP111 million, to strengthen its North American manufacturing footprint. The Glasgow, Scotland-based engineering firm said the Florida-based companies manufacture engineering products which are used to process minerals.
Entain's BetMGM guidance raised as "positive momentum" continues

1 week ago | shareprices.com | Eric Cunha

(Alliance News) - Entain PLC's US joint-venture has had a strong second-quarter so far, it said on Monday, with earnings for the full-year now expected to be stronger than previously forecast. BetMGM is expected to achieve earnings before interest, tax, depreciation, and amortisation of at least USD100 million in 2025, the Ladbrokes owner said. Net revenue of at least USD2.6 billion is now expected.
Strip Tinning predicts Battery Technologies growth after sluggish 2024

1 week ago | shareprices.com | Jeremy Cutler

(Alliance News) - Strip Tinning Holdings PLC on Friday predicted that 2025 will be a "year of delivery" after reporting losses widened and sales fell last year. Its pretax loss stretched to GBP4.9 million in 2024 from GBP1.7 million in 2023 as revenue fell 17% to GBP9.0 million from GBP10.8 million. Also hurting the bottom line a GBP905,000 fair value loss compared to zero the year before, while finance expenses nearly doubled to GBP655,000 from GBP331,000.
CleanTech Lithium loss widens; awaits lithium licence to drive growth

1 week ago | shareprices.com | Michael Hennessey

(Alliance News) - CleanTech Lithium PLC on Thursday said its loss widened in 2024 as it continued to advance the Laguna Verde project in Chile and said "the coming months ahead bring major value drivers". The Jersey-based lithium exploration company, focused on Chile, said its pretax loss widened to GBP7.2 million in 2024 from GBP5.9 million a year prior. The company did not record any income in either year as it continues to develop the exploration projects.
Resolute Mining hires manager of Sukari gold mine in Egypt as COO

1 week ago | shareprices.com | Michael Hennessey

(Alliance News) - Resolute Mining Ltd on Thursday said it has appointed Gavin Harris as chief operating officer from the start of July, after Geoff Montgomery stepped down. The Africa-focused gold miner said Montgomery will remain at the company as a senior technical adviser. Harris has worked on development projects and producing operations at Barrick Gold Corp, BHP Group Ltd and Teranga Gold Corp.
LONDON MARKET EARLY CALL: FTSE 100 to fall on tariff worry

1 week ago | shareprices.com | Eric Cunha

(Alliance News) - London's FTSE 100 is called to open lower on Thursday, as optimism following a cooler-than-expected US inflation reading wanes. Weighing on sentiment on Thursday are Middle East tensions, and tariff threat from the US president. Stocks in New York surrendered earlier gains to close lower on Wednesday, while Asian equities were weaker on Thursday. IG says futures indicate the FTSE 100 to open 39.5 points lower, 0.5%, at 8,824.85 on Thursday.
IN BRIEF: Greencoat Renewables starts trading in Johannesburg

2 weeks ago | shareprices.com | Emily Parsons

Greencoat Renewables PLC - Dublin-based renewable energy infrastructure investor - Starts trading on the Alternative Exchange of the Johannesburg Stock Exchange on Monday. Greencoat secured approval for the secondary listing in late May, as it believes its "return profile offers an attractive proposition to South African investors who we look forward to welcoming onto our share register".
Synectics wins contract extension with casino operator in Asia

2 weeks ago | shareprices.com | Emily Parsons

(Alliance News) - Synectics PLC on Wednesday reported it has won a five-year extension to an existing contract with an unnamed "major" casino operator in South-East Asia. The Sheffield, England-based provider of advanced security and surveillance systems solutions said the deal was worth at least USD4.8 million, with "one of the world's most successful and high-profile gaming resorts".
discoverIE profit jumps as operating costs fall; outlook optimistic

2 weeks ago | shareprices.com | Tom Budszus

(Alliance News) - discoverIE Group PLC on Wednesday recommended a higher dividend as it hailed structural growth drivers in target markets, while annual profit surged amid lower operating costs. The Surrey, England-based designer and manufacturer of electronic components for industrial applications said pretax profit was GBP32.0 million in the financial year ended March 31, up 44% from GBP22.2 million a year ago. Fully diluted earnings per share jumped 58% to 25.0 pence from 15.8p.
Engage XR loss narrows despite revenue decline on contract delays

3 weeks ago | shareprices.com | Emily Parsons

(Alliance News) - Engage XR Holdings PLC on Tuesday reported its loss narrowed during 2024 despite a decline in revenue as expenses were reduced, and said it was now well positioned for long-term growth following its education and training pivot. The Waterford, Ireland-based virtual reality technology company said its pretax loss narrowed to EUR4.0 million in 2024, from a EUR4.1 million loss in 2023, as administrative expenses were reduced by 6.6% to EUR7.1 million from EUR7.6 million.